Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (May 2025)
23 slides from Condor Energies's investor presentation, May 2025
Slide 1: Scalable Projects that Deliver Sustainable Cash Flow
Corporate Presentation May 2025 Scalable Projects that Deliver Sustainable Cash Flow www.condorenergies.ca
Slide 2: Energizing Condor's Future
Energizing Condor’s Future Developing sustainable energy sources and critical minerals using proven Western technologies Canadian-based, TSX-listed with Executive Team experience of +95 years in Central Asia Established in 2006 by the founders of the multi-billion-dollar Osisko mining group • Pr
Slide 3: Our Value Creation Strategy
Our Value Creation Strategy Build on current natural gas production to develop cleaner fuels + critical minerals that support Central Asia’s sustainable energy transition Kazakh Critical Mineral Subsurface Brine • Strategic supplier to EU, China Kazakh Modular LNG • Documented subsurface concentrati
Slide 4: Advantages of Central Asia
Advantages of Central Asia Rapidly growing domestic energy demand with significant remaining resources Tashkent, Uz – Major Advancements in an Expanding Economy Stable and Safe Operating Environment Multiple super-major energy & mining companies continue to expand operations with ongoing projects
Slide 5: Uz Gas Field Production Enhancement
Uz Gas Field Production Enhancement Condor is the first and only Western natural gas producer in Uzbekistan Producing Gas Fields Surround Condor Operations Operating 8 producing gas-condensate fields in a well-established region Bukhara Samarkand Applying Western Canadian technologies and learni
Slide 6: Under-exploited Jurassic Stack
Under-exploited Jurassic Stack Multiple Play Types with Material Thicknesses, Derisked with Modern Technologies Carbonate and Clastic Reservoirs • Over 1400 m thickness of gas-charged proven and prospective reservoirs • Multiple play types provide a diverse prospect inventory • Prior exploration a
Slide 7: Multi-well Drilling Campaign in Q3 2025
Multi-well Drilling Campaign in Q3 2025 8 undrilled structures identified in southern region Targeting under-developed reservoirs in existing fields • Bypassed zones being exploited • Leveraging learnings from successful workover program to high grade reservoir targets • Seismic attributes and inv
Slide 8: Production Growth Using Proven Western Technologies
Production Growth Using Proven Western Technologies Multiple current activities deployed to increase production rates and recovery factors Recent Well Test of By-Passed Gas Zone Ongoing Workovers are exceeding expectations • Continue to target by-passed pay zones • Multiple wells identified with s
Slide 9: Modular LNG Overview
Modular LNG Overview Applying proven liquefaction technologies and end-user applications Modular LNG Plant LNG is cryogenic natural gas in a liquid state Stored at low pressure and -162° C 600x less volume than natural gas* LNG is easy and safe to transport and store Non-explosive, non-corrosi
Slide 10: LNG Production Benefits for Central Asia
LNG Production Benefits for Central Asia More environmentally friendly & cost-effective than diesel while providing enhanced engine performance LNG reduces the carbon footprint of the equipment used to acquire and transport minerals that are critical for energy transition and renewable energy init
Slide 11: Kazakhstan's 1st LNG Production in 2026
Kazakhstan’s 1st LNG Production in 2026 Condor’s LNG will also help alleviated the impact of Kazakhstan’s diesel shortages Planning for Multiple modular LNG Facilities is Underway 1st LNG production planned for Q2 2026 • Recently purchased a 48,000 gpd facility with fabrication 80% complete Secu
Slide 12: Critical Mineral Licenses in Kazakhstan
Critical Mineral Licenses in Kazakhstan Condor recently awarded two x 6-year licenses with over 40,300 hectares License Highlights: Material Lithium Brine Land Position is Being Established Heavily faulted in a geothermally active region, allowing migration of mineralized brines into reservoirs
Slide 13: Lithium Development Path
Lithium Development Path Condor has an extensive geologic understanding of the first license’s basin Initial development plan is to drill & test two wells • Verify deliverability rates, confirm lateral extension and lithium concentrations in the tested + untested intervals, compile data for prepar
Slide 14: Environment, Social & Governance
Environment, Social & Governance Employee Safety Training Environment E DLE lithium brine extraction for EV battery manufacturing Introducing LNG production in Central Asia to reduce diesel fuel usage and reduce emissions Implementing Canadian Health, Safety and Environmental training and poli
Slide 15: Near Term Priorities & Catalysts
Near Term Priorities & Catalysts Increase Gas production Execute Definitive Advance Kazakhstan Agreements for Modular LNG Critical Minerals in Uzbekistan Production in Kazakhstan Development Implement field optimization and Finalize discussions with end-use Subsurface Mapping underway workover
Slide 16: Condor's Leadership Team
Condor’s Leadership Team Decades of international experience, including a combined 95 years working in Central Asia EXECUTIVE BOARD OF DIRECTORS Don Streu – President, CEO & Director Dennis Balderston Former Chevron Chairman Honorary Consul: Republic of Kazakhstan for Alberta Former Partner at E&Y S
Slide 17: Management Biographies
Management Biographies Mr. Streu has over 38 years experience in the oil and gas industry including 22 years with Chevron working in Angola, Indonesia, Nigeria, Canada and the United States. Mr. Streu was the asset manager of Angola’s first deepwater production: a 100,000 bopd operation that went fr
Slide 18: Management Biographies
Management Biographies Mr. Pachell has over 24 years of experience in geoscience and cross-disciplinary managerial roles. Previously he was VP of Development and Exploration at Pieridae Energy and held various technical Matt Pachell and managerial roles at Anadarko Petroleum, Talisman Energy, Condor
Slide 19: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 20: Barrels of Oil Equivalent Advisory Abbreviations
Barrels of Oil Equivalent Advisory References herein to barrels of oil equivalent (“boe”) are derived by converting gas to oil in the ratio of six thousand standard cubic feet (“Mcf”) of gas to one barrel of oil based on an energy conversion method primarily applicable at the burner tip and does not
Slide 21: Forward Looking Statements (1 of 3)
Forward Looking Statements (1 of 3) Certain statements contained in this presentation constitute forward looking statements. These statements may relate to future events or Condor’s future performance. All statements other than statements of historical fact are forward looking statements. The use of
Slide 22: Forward Looking Statements (2 of 3)
Forward Looking Statements (2 of 3) Regarding lithium historical estimates, the Company is not treating the historical estimate as current mineral resources or mineral reserves as additional drilling and testing is necessary, and a qualified person has not done sufficient work to classify the histor
Slide 23: Forward Looking Statements (3 of 3)
Forward Looking Statements (3 of 3) These risk factors are discussed in greater detail in filings made by Condor with Canadian securities regulatory authorities including the Company’s: Annual Information Form, Consolidated Financial Statements and related Management’s Discussion and Analysis for th